IC83 GROUP INSURANCE - 08

 0  0
Q1.What is the rate of matching contribution to the PF by the employee and the employer in a covered establishment?
   a) 8.33% of the eligible salary
   b) 12% of the eligible salary
   c) 10% of the eligible salary
   d) Either 10.00% or 12.00% of the eligible salary as decided by the employer
 
Q2.During group renewal, the claims and exposures may be analyzed by taking into account
  a) Group's internal record-keeping mechanism
   b) Group's mortality experience confidence intervals
   c) Group's credibility to the experience
   d) All of the above
 
Q3.In which plan, the employer pays the full premium, are much easier to administer?
   a) Natural plans
   b) Compulsory plans
   c) Voluntary plans
   d) None of these
 
Q4.A social Security Division has been set up under Which Ministry?
   a) Women Welfare
   b) Labour and employment
   c) Human Resource Development
   d) Minority affairs
 
Q5.In which of the following securities is EPFO's corpus majorly invested?
   a) Central Government Securities
   b) Equities
   c) Balanced Mutual Funds
   d) Gold
 
Q6.The minimum investment that is to be made in PPF to keep it active is __.?
   a) Rs. 500
   b) Rs. 1,000
   c) Rs. 70,000
   d) Rs. 1,00,000
 
Q7.Which of the following is a government-backed pension scheme in India targeted at the unorganized sector?
  a) Atal pension yojana
   b) National pension system
  c) Pradhan Mantri Jeevan Jyoti bima yojana
   d) Pradhan Mantri Suraksha Bima Yojana
 
Q8.Pension Fund Regulatory and Development Authority (PFRDA) permits Non-resident Indians (NRIs) to invest in National Pension System (NPS).
   a) False
   b) True
 
Q9.In the case of a Quot-share arrangement, who bears the same mortality risk?
   a) Insurer
   b) Reinsurer
   c) Both of the above
   d) None of the above
 
Q10.Under which arrangements the fund remains invested, instead of buying an annuity, and the member withdraws an amount of the fund each year?
   a) Investment arrangement
   b) Income breakdown
   c) Guarantees
   d) Annuity purchase

Click Here for Answer Key

What's Your Reaction?

like

dislike

love

funny

angry

sad

wow